Puerto Rico Agency Plans Talks With Hedge-Fund Creditors

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Mike Cherney And Matt Jarzemsky Puerto Rico's Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are ...

Asian Stocks Fall Ahead of China's World War II Parade -- 3rd Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Chao Deng Sellers eager to cash out before a four-day holiday in China and buyers believed to be backed by Beijing staged a stock-market tug-of-war in Shanghai on Wednesday, leaving shares down slightly after a tumultuous trading session. Deepening ...

Asian Markets Wobble on U.S. Drop, China Worries -- Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Chao Deng Stocks in Shanghai fell sharply on Wednesday, extending a tumultuous period for markets in the region, as concern deepened about the state of the Chinese economy. The Shanghai Composite Index was last down 3% at 3070.46 but ...

Deutche Bank Chief Hints at Reducing Stake in Chinese Lender

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Eyk Henning Deutsche Bank AG's outgoing co-chief executive, Jürgen Fitschen, Wednesday lauded his former co-chief Anshu Jain and confirmed the cornerstones of the bank's new strategy while fueling speculation that the bank might reduce its 20% stake in China's ...

Citigroup to Sell Consumer Banking Business in Hungary to Erste

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Emese Bartha Citigroup Inc. (C) Wednesday said it has agreed to sell its consumer banking business in Hungary to Erste Bank Hungary Zrt and its subsidiary Erste Investment for an undisclosed amount, as part of a global move by ...

Xurpas Buys 51% Stake in Globe Unit for PHP900 Million

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Cris Larano MANILA--Xurpas Inc. (X.PH) said Wednesday it has agreed to buy a 51% stake in Yondu Inc., a wholly owned mobile content developer and service provider unit of Globe Telecom Inc. (GLO.PH), for 900 million pesos ($19.3 million). ...

S&P 500, Nasdaq Futures -- Technical Analysis

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Chicago Mercantile Exchange September S&P; 500 Futures 2125.20 -- lifetime high 2125.20 -- previous month's high 2106.70 -- previous month's high 2078,63 -- 100-day moving average 2017.56 -- 18-day moving average 1997.87 -- second pivot point resistance 1983.53 -- first ...

German Machinery Orders Spike in July

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Emese Bartha FRANKFURT--Germany's machinery orders in July rose 18% on the year, fueled by strong demand at home and from the rest of the eurozone, industry group VDMA said Wednesday. Domestic demand jumped 43% over the same period of ...

Global Stocks Try to Regain Footing

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Josie Cox U.S. stock markets rebounded Wednesday after falling sharply in the previous session on deepening worries about China. The Dow Jones Industrial Average rose 197 points, or 1.2%, to 16255 in early trade. The S&P; 500 climbed 1.1% ...

U.S. Government Bonds Pull Back

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Min Zeng U.S. government bonds pulled back Wednesday as stocks regained some footing, encouraging investors to take some chips off the table from the debt market. In recent trading, the yield on the benchmark 10-year Treasury note was 2.183%, ...

Hollande Appoints New Labor Minister

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

PARIS?French President Franç ois Hollande on Wednesday appointed Myriam El Khomri as labor minister, opting for a candidate with limited experience of government to tackle his main challenge: stem the rise in unemployment before elections in 2017. Mr. Hollande's office ...

Valeant Agrees to Acquire Synergetics -- Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Tess Stynes Valeant Pharmaceuticals International Inc. agreed to acquire precision surgical devices supplier Synergetics USA Inc. for at least $166.2 million, in a deal that aims to boost Bausch & Lomb's global presence in vitreoretinal surgery. Shares of Missouri-based ...

EU Approves Shell's Takeover of BG Group

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

BRUSSELS?Oil giant Royal Dutch Shell PLC cleared a major hurdle in its planned takeover of natural gas firm BG Group PLC after Europe's top antitrust regulator approved the deal unconditionally. The European Commission, the European Union's competition authority, concluded after ...

Global Stock Markets Try to Regain Footing

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Dan Strumpf in New York and Josie Cox in London U.S. stocks rebounded Wednesday but gave back their steepest gains, as worries over slowing growth overseas persisted. The Dow Jones Industrial Average gained 91 points, or 0.6%, to 16145, ...

Oil Prices Turn Lower on Supply Data

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Timothy Puko Oil prices turned lower on Wednesday after government data showed an unexpectedly large addition to U.S. crude stockpiles. The U.S. Energy Information Administration reported that crude stocks increased by 4.7 million barrels last week, compared with analysts' ...

U.S. Bank Earnings Up 7.3% in Second Quarter, FDIC Says -- Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Ryan Tracy and Yuka Hayashi WASHINGTON--U.S. bank earnings rose 7% in the second quarter over last year, a reminder of the steadily recovering economy, although other measures of bank profitability remained depressed with interest rates at rock bottom. The ...

Barclays Sells Portuguese Retail-Banking Business

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

MADRID?Barclays PLC has sold its Portuguese retail-banking business to Spain's Bankinter SA, as the British bank scales back its presence in less profitable markets. Bankinter, Spain's No. 7 bank by market value, said it would pay around ?100 million ($112 ...

CURRENCIES: Dollar Rebounds As Equity Markets Stabilize

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Mark DeCambre, MarketWatch The dollar rose Wednesday against most of its major rivals in the wake of a string economic data that painted a positive picture of the U.S. economy, even if it wasn't rosy enough to guarantee a ...